Income Inclusion When Lessee Treated as Having Acquired Investment Credit Property, 47739-47741 [2016-16561]
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47739
Federal Register / Vol. 81, No. 141 / Friday, July 22, 2016 / Proposed Rules
Availability and Summary of
Documents for Incorporation by
Reference
Calloway County Hospital Heliport,
Murray, KY.
Comments Invited
Interested persons are invited to
comment on this rule by submitting
such written data, views, or arguments,
as they may desire. Comments that
provide the factual basis supporting the
views and suggestions presented are
particularly helpful in developing
reasoned regulatory decisions on the
proposal. Comments are specifically
invited on the overall regulatory,
aeronautical, economic, environmental,
and energy-related aspects of the
proposal.
Communications should identify both
docket numbers and be submitted in
triplicate to the address listed above.
You may also submit comments through
the Internet at https://
www.regulations.gov.
Persons wishing the FAA to
acknowledge receipt of their comments
on this action must submit with those
comments a self-addressed stamped
postcard on which the following
statement is made: ‘‘Comments to
Docket No. FAA–2016–6775; Airspace
Docket No. 16–ASO–9.’’ The postcard
will be date/time stamped and returned
to the commenter.
All communications received before
the specified closing date for comments
will be considered before taking action
on the proposed rule. The proposal
contained in this notice may be changed
in light of the comments received. A
report summarizing each substantive
public contact with FAA personnel
concerned with this rulemaking will be
filed in the docket.
ehiers on DSK5VPTVN1PROD with PROPOSALS
Availability of NPRMs
An electronic copy of this document
may be downloaded from and
comments submitted through https://
www.regulations.gov. Recently
published rulemaking documents can
also be accessed through https://
www.regulations.gov.
You may review the public docket
containing the proposal, any comments
received, and any final disposition in
person in the Dockets Office (see the
ADDRESSES section for address and
phone number) between 9:00 a.m. and
5:00 p.m., Monday through Friday,
except Federal Holidays. An informal
docket may also be examined between
8:00 a.m. and 4:30 p.m., Monday
through Friday, except Federal Holidays
at the office of the Eastern Service
Center, Federal Aviation
Administration, Room 350, 1701
Columbia Avenue, College Park, Georgia
30337.
VerDate Sep<11>2014
14:58 Jul 21, 2016
Jkt 238001
This document proposes to amend
FAA Order 7400.9Z, Airspace
Designations and Reporting Points,
dated August 6, 2015, and effective
September 15, 2015. FAA Order
7400.9Z is publicly available as listed in
the ADDRESSES section of this document.
FAA Order 7400.9Z lists Class A, B, C,
D, and E airspace areas, air traffic
service routes, and reporting points.
The Proposal
The FAA is considering an
amendment to Title 14, Code of Federal
Regulations (14 CFR) part 71 to establish
Class E airspace at Murray, KY,
providing the controlled airspace
required to support the new Copter
RNAV (GPS) standard instrument
approach procedures for Murray
Calloway County Hospital Heliport.
Controlled airspace extending upward
from 700 feet above the surface within
a 6-mile radius of the heliport would be
established for IFR operations.
Class E airspace designations are
published in Paragraph 6005 of FAA
Order 7400.9Z, dated August 6, 2015,
and effective September 15, 2015, which
is incorporated by reference in 14 CFR
71.1. The Class E airspace designation
listed in this document will be
published subsequently in the Order.
Regulatory Notices and Analyses
The FAA has determined that this
proposed regulation only involves an
established body of technical
regulations for which frequent and
routine amendments are necessary to
keep them operationally current. It,
therefore: (1) Is not a ‘‘significant
regulatory action’’ under Executive
Order 12866; (2) is not a ‘‘significant
rule’’ under DOT Regulatory Policies
and Procedures (44 FR 11034; February
26, 1979); and (3) does not warrant
preparation of a Regulatory Evaluation
as the anticipated impact is so minimal.
Since this is a routine matter that will
only affect air traffic procedures and air
navigation, it is certified that this
proposed rule, when promulgated, will
not have a significant economic impact
on a substantial number of small entities
under the criteria of the Regulatory
Flexibility Act.
Environmental Review
This proposal would be subject to an
environmental analysis in accordance
with FAA Order 1050.1F,
‘‘Environmental Impacts: Policies and
Procedures’’ prior to any FAA final
regulatory action.
PO 00000
Frm 00003
Fmt 4702
Sfmt 4702
Lists of Subjects in 14 CFR Part 71
Airspace, Incorporation by reference,
Navigation (Air).
The Proposed Amendment
In consideration of the foregoing, the
Federal Aviation Administration
proposes to amend 14 CFR part 71 as
follows:
PART 71—DESIGNATION OF CLASS A,
B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND
REPORTING POINTS
1. The authority citation for Part 71
continues to read as follows:
■
Authority: 49 U.S.C. 106(f), 106(g); 40103,
40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR,
1959–1963 Comp., p. 389.
§ 71.1
[Amended]
2. The incorporation by reference in
14 CFR 71.1 of Federal Aviation
Administration Order 7400.9Z, Airspace
Designations and Reporting Points,
dated August 6, 2015, effective
September 15, 2015, is amended as
follows:
■
Paragraph 6005 Class E Airspace Areas
Extending Upward From 700 feet or More
Above the Surface of the Earth.
*
*
*
*
*
ASO KY E5 Murray, KY [New]
Murray Calloway County Hospital Heliport,
KY
(Lat. 36°36′27″ N., long. 88°18′36″ W.)
That airspace extending upward from 700
feet above the surface within a 6-mile radius
of Murray Calloway County Hospital
Heliport.
Issued in College Park, Georgia, on July 15,
2016.
Ryan W. Almasy,
Manager, Operations Support Group, Eastern
Service Center, Air Traffic Organization.
[FR Doc. 2016–17311 Filed 7–21–16; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–102516–15]
RIN 1545–BM65
Income Inclusion When Lessee
Treated as Having Acquired
Investment Credit Property
Internal Revenue Service (IRS),
Treasury.
ACTION: Withdrawal of notice of
proposed rulemaking; and notice of
AGENCY:
E:\FR\FM\22JYP1.SGM
22JYP1
47740
Federal Register / Vol. 81, No. 141 / Friday, July 22, 2016 / Proposed Rules
proposed rulemaking by cross-reference
to temporary regulations.
This document withdraws the
notice of proposed rulemaking
published in the Federal Register on
December 20, 1985, and the notice of
proposed rulemaking published in the
Federal Register on September 21, 1987.
In the Rules and Regulations section of
this issue of the Federal Register, the
Treasury Department and the IRS are
issuing temporary regulations relating to
the income inclusion rules under
section 50(d)(5) of the Internal Revenue
Code (Code) that are applicable to a
lessee of investment credit property
when a lessor of such property elects to
treat the lessee as having acquired the
property. The text of those regulations
also serves as the text of these proposed
regulations.
DATES: Written or electronic comments
and requests for a public hearing must
be received by October 20, 2016.
ADDRESSES: Send submissions to:
CC:PA:LPD:PR (REG–102516–15), Room
5203, Internal Revenue Service, P.O.
Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions
may be hand-delivered Monday through
Friday between the hours of 8 a.m. and
4 p.m. to: CC:PA:LPD:PR (REG–102516–
15), Courier’s Desk, Internal Revenue
Service, 1111 Constitution Avenue NW.,
Washington, DC, or sent electronically
via the Federal eRulemaking Portal at
www.regulations.gov (IRS REG–102516–
15).
FOR FURTHER INFORMATION CONTACT:
Concerning the regulations, Jennifer A.
Records at (202) 317–6853; concerning
submissions of comments and requests
for a public hearing, Regina Johnson of
the Publications and Regulations Branch
at (202) 317–6901 (not toll-free
numbers).
SUPPLEMENTARY INFORMATION:
ehiers on DSK5VPTVN1PROD with PROPOSALS
SUMMARY:
Background and Explanation of
Provisions
On December 20, 1985, the Treasury
Department and the IRS published in
the Federal Register (50 FR 51874–01)
a notice of proposed rulemaking (LR–
92–73) under sections 46, 47, 48, and
167 providing proposed rules related to
the determination of the amount of
taxpayer’s qualified investment and
recapture of the investment credit with
respect to mass assets. On September
21, 1987, the Treasury Department and
the IRS published in the Federal
Register (52 FR 35438–01) a notice of
proposed rulemaking (LR–183–82)
under sections 48, 196, 312, and 705
providing proposed rules related to the
adjustment in the basis of property with
VerDate Sep<11>2014
14:58 Jul 21, 2016
Jkt 238001
respect to which a taxpayer claimed the
investment credit. On April 27, 1993,
the Treasury Department and the IRS
withdrew (58 FR 25587–01) the
proposed amendments to § 1.48–7 of the
Income Tax Regulations that were
published as part of the notice of
proposed rulemaking (LR–183–82)
published in the Federal Register (52
FR 35438–01) on September 21, 1987.
Because of numerous statutory changes
since the publication of those proposed
regulations, the remainder of the
proposed regulations (50 FR 51874–01
and 52 FR 35438–01) are withdrawn.
Temporary regulations in the Rules
and Regulations section of this issue of
the Federal Register amend the Income
Tax Regulations (26 CFR part 1) relating
to section 50(d)(5). The temporary
regulations provide rules regarding the
income inclusion required under
section 50(d)(5) of the Code by a lessee
of investment credit property when a
lessor of such property elects to treat the
lessee as having acquired the property.
The temporary regulations also provide
rules to coordinate the section 50(a)
recapture rules with the section 50(d)(5)
income inclusion rules and rules
regarding income inclusion upon a
disposition or lease termination outside
of the recapture period. The text of
those regulations also serves as the text
of these proposed regulations. The
preamble to the temporary regulations
explains the amendments.
Special Analyses
Certain IRS regulations, including this
one, are exempt from the requirements
of Executive Order 12866, as
supplemented and reaffirmed by
Executive Order 13563. Therefore, a
regulatory impact assessment is not
required. It also has been determined
that section 553(b) of the Administrative
Procedure Act (5 U.S.C. chapter 5) does
not apply to these regulations, and,
because these regulations do not impose
a collection of information on small
entities, the Regulatory Flexibility Act
(5 U.S.C. chapter 6) does not apply.
Therefore, a regulatory flexibility
analysis is not required. Pursuant to
section 7805(f) of the Code, these
proposed regulations have been
submitted to the Chief Counsel for
Advocacy of the Small Business
Administration for comment on their
impact on small business.
Comments and Requests for a Public
Hearing
Before these proposed regulations are
adopted as final regulations,
consideration will be given to any
written (a signed original and eight (8)
copies) or electronic comments that are
PO 00000
Frm 00004
Fmt 4702
Sfmt 4702
submitted timely to the IRS. The
Treasury Department and the IRS
request comments on all aspects of these
proposed regulations. Specifically, the
Treasury Department and the IRS
request comments regarding whether
guidance is needed to address the
applicability of the income inclusion
rules under section 50(d)(5) to trusts,
estates, and/or electing large
partnerships. All comments will be
available for public inspection and
copying. A public hearing will be
scheduled if requested in writing by any
person that timely submits written
comments. If a public hearing is
scheduled, notice of the date, time, and
place for the public hearing will be
published in the Federal Register.
Drafting Information
The principal author of these
regulations is Jennifer A. Records, Office
of the Associate Chief Counsel
(Passthroughs and Special Industries),
IRS. However, other personnel from the
Treasury Department and the IRS
participated in their development.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Withdrawal of Notice of Proposed
Rulemaking
Accordingly, under authority of 26
U.S.C. 7805, the notice of proposed
rulemaking (LR–92–73) that was
published in the Federal Register on
December 20, 1985 (50 FR 51874–01),
and the notice of proposed rulemaking
(LR–183–82) that was published in the
Federal Register on September 21, 1987
(52 FR 35438–01), are withdrawn.
Proposed Amendments to the
Regulations
Accordingly, 26 CFR part 1 is
proposed to be amended as follows:
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
■
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.50–1 is revised to
read as follows:
■
§ 1.50–1 Lessee’s income inclusion
following election of lessor of investment
credit property to treat lessee as acquirer.
[The text of proposed amendment to
§ 1.50–1 is the same as the text of
§ 1.50–1T(a) through (f) published
E:\FR\FM\22JYP1.SGM
22JYP1
Federal Register / Vol. 81, No. 141 / Friday, July 22, 2016 / Proposed Rules
elsewhere in this issue of the Federal
Register].
John Dalrymple,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. 2016–16561 Filed 7–21–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 54
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
29 CFR Part 2590
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
45 CFR Part 147
[CMS–9931–NC]
Coverage for Contraceptive Services
Internal Revenue Service,
Department of the Treasury; Employee
Benefits Security Administration,
Department of Labor; Centers for
Medicare & Medicaid Services,
Department of Health and Human
Services.
ACTION: Request for information.
AGENCY:
This document is a request for
information on whether there are
alternative ways (other than those
offered in current regulations) for
eligible organizations that object to
providing coverage for contraceptive
services on religious grounds to obtain
an accommodation, while still ensuring
that women enrolled in the
organizations’ health plans have access
to seamless coverage of the full range of
Food and Drug Administrationapproved contraceptives without cost
sharing. This information is being
solicited in light of the Supreme Court’s
opinion in Zubik v. Burwell, 136 S. Ct.
1557 (2016). The Departments of Health
and Human Services (HHS), Labor, and
the Treasury (collectively, the
Departments) invite public comments
via this request for information.
DATES: Comments must be submitted on
or before September 20, 2016.
ADDRESSES: In commenting, please refer
to file code CMS–9931–NC. Because of
staff and resource limitations, we cannot
accept comments by facsimile (FAX)
transmission.
ehiers on DSK5VPTVN1PROD with PROPOSALS
SUMMARY:
VerDate Sep<11>2014
14:58 Jul 21, 2016
Jkt 238001
You may submit comments in one of
four ways (please choose only one of the
ways listed):
1. Electronically. You may submit
electronic comments on this regulation
to https://www.regulations.gov. Follow
the ‘‘Submit a comment’’ instructions.
2. By regular mail. You may mail
written comments to the following
address ONLY: Centers for Medicare &
Medicaid Services, Department of
Health and Human Services, Attention:
CMS–9931–NC, P.O. Box 8010,
Baltimore, MD 21244–8010. Please
allow sufficient time for mailed
comments to be received before the
close of the comment period.
3. By express or overnight mail. You
may send written comments to the
following address ONLY: Centers for
Medicare & Medicaid Services,
Department of Health and Human
Services, Attention: CMS–9931–NC,
Mail Stop C4–26–05, 7500 Security
Boulevard, Baltimore, MD 21244–1850.
4. By hand or courier. Alternatively,
you may deliver (by hand or courier)
your written comments ONLY to the
following addresses prior to the close of
the comment period:
a. For delivery in Washington, DC—
Centers for Medicare & Medicaid
Services, Department of Health and
Human Services, Room 445–G, Hubert
H. Humphrey Building, 200
Independence Avenue SW.,
Washington, DC 20201.
(Because access to the interior of the
Hubert H. Humphrey Building is not
readily available to persons without
Federal government identification,
commenters are encouraged to leave
their comments in the CMS drop slots
located in the main lobby of the
building. A stamp-in clock is available
for persons wishing to retain a proof of
filing by stamping in and retaining an
extra copy of the comments being filed.)
b. For delivery in Baltimore, MD—
Centers for Medicare & Medicaid
Services, Department of Health and
Human Services, 7500 Security
Boulevard, Baltimore, MD 21244–1850.
If you intend to deliver your
comments to the Baltimore address, call
telephone number (410) 786–9994 in
advance to schedule your arrival with
one of our staff members.
Comments erroneously mailed to the
addresses indicated as appropriate for
hand or courier delivery may be delayed
and received after the comment period.
For information on viewing public
comments, see the beginning of the
SUPPLEMENTARY INFORMATION section.
FOR FURTHER INFORMATION CONTACT:
David Mlawsky, Centers for Medicare
& Medicaid Services (CMS), Department
PO 00000
Frm 00005
Fmt 4702
Sfmt 4702
47741
of Health and Human Services, at (410)
786–1565.
Elizabeth Schumacher or Suzanne
Adelman, Employee Benefits Security
Administration, Department of Labor, at
(202) 693–8335.
Karen Levin, Internal Revenue
Service, Department of the Treasury, at
(202) 317–6846.
Customer Service Information:
Individuals interested in obtaining
information from the Department of
Labor concerning employment-based
health coverage laws may call the EBSA
Toll-Free Hotline at 1–866–444–EBSA
(3272) or visit the Department of Labor’s
Web site (https://www.dol.gov/ebsa). In
addition, information from HHS on
private health insurance for consumers
can be found on the CMS Web site
(www.cciio.cms.gov), and information
on health reform can be found at https://
www.HealthCare.gov.
SUPPLEMENTARY INFORMATION:
Inspection of Public Comments: All
comments received before the close of
the comment period are available for
viewing by the public, including any
personally identifiable or confidential
business information that is included in
a comment. We post all comments
received before the close of the
comment period on the following Web
site as soon as possible after they have
been received: https://
www.regulations.gov. Follow the search
instructions on that Web site to view
public comments.
Comments received timely will also
be available for public inspection as
they are received, generally beginning
approximately 3 weeks after publication
of a document, at the headquarters of
the Centers for Medicare & Medicaid
Services, 7500 Security Boulevard,
Baltimore, Maryland 21244, Monday
through Friday of each week from 8:30
a.m. to 4 p.m. To schedule an
appointment to view public comments,
phone 1–800–743–3951.
I. Background
The Patient Protection and Affordable
Care Act (Pub. L. 111–148) was enacted
on March 23, 2010. The Health Care and
Education Reconciliation Act of 2010
(Pub. L. 111–152) was enacted on March
30, 2010. These statutes are collectively
known as the Affordable Care Act. The
Affordable Care Act reorganizes,
amends, and adds to the provisions of
part A of title XXVII of the Public
Health Service Act (PHS Act) relating to
group health plans and health insurance
issuers in the group and individual
markets. The Affordable Care Act adds
section 715(a)(1) to the Employee
Retirement Income Security Act of 1974
(ERISA) and section 9815(a)(1) to the
E:\FR\FM\22JYP1.SGM
22JYP1
]]>Agencies
[Federal Register Volume 81, Number 141 (Friday, July 22, 2016)]
[Proposed Rules]
[Pages 47739-47741]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16561]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-102516-15]
RIN 1545-BM65
Income Inclusion When Lessee Treated as Having Acquired
Investment Credit Property
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Withdrawal of notice of proposed rulemaking; and notice of
[[Page 47740]]
proposed rulemaking by cross-reference to temporary regulations.
-----------------------------------------------------------------------
SUMMARY: This document withdraws the notice of proposed rulemaking
published in the Federal Register on December 20, 1985, and the notice
of proposed rulemaking published in the Federal Register on September
21, 1987. In the Rules and Regulations section of this issue of the
Federal Register, the Treasury Department and the IRS are issuing
temporary regulations relating to the income inclusion rules under
section 50(d)(5) of the Internal Revenue Code (Code) that are
applicable to a lessee of investment credit property when a lessor of
such property elects to treat the lessee as having acquired the
property. The text of those regulations also serves as the text of
these proposed regulations.
DATES: Written or electronic comments and requests for a public hearing
must be received by October 20, 2016.
ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-102516-15), Room
5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand-delivered Monday through
Friday between the hours of 8 a.m. and 4 p.m. to: CC:PA:LPD:PR (REG-
102516-15), Courier's Desk, Internal Revenue Service, 1111 Constitution
Avenue NW., Washington, DC, or sent electronically via the Federal
eRulemaking Portal at www.regulations.gov (IRS REG-102516-15).
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Jennifer
A. Records at (202) 317-6853; concerning submissions of comments and
requests for a public hearing, Regina Johnson of the Publications and
Regulations Branch at (202) 317-6901 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background and Explanation of Provisions
On December 20, 1985, the Treasury Department and the IRS published
in the Federal Register (50 FR 51874-01) a notice of proposed
rulemaking (LR-92-73) under sections 46, 47, 48, and 167 providing
proposed rules related to the determination of the amount of taxpayer's
qualified investment and recapture of the investment credit with
respect to mass assets. On September 21, 1987, the Treasury Department
and the IRS published in the Federal Register (52 FR 35438-01) a notice
of proposed rulemaking (LR-183-82) under sections 48, 196, 312, and 705
providing proposed rules related to the adjustment in the basis of
property with respect to which a taxpayer claimed the investment
credit. On April 27, 1993, the Treasury Department and the IRS withdrew
(58 FR 25587-01) the proposed amendments to Sec. 1.48-7 of the Income
Tax Regulations that were published as part of the notice of proposed
rulemaking (LR-183-82) published in the Federal Register (52 FR 35438-
01) on September 21, 1987. Because of numerous statutory changes since
the publication of those proposed regulations, the remainder of the
proposed regulations (50 FR 51874-01 and 52 FR 35438-01) are withdrawn.
Temporary regulations in the Rules and Regulations section of this
issue of the Federal Register amend the Income Tax Regulations (26 CFR
part 1) relating to section 50(d)(5). The temporary regulations provide
rules regarding the income inclusion required under section 50(d)(5) of
the Code by a lessee of investment credit property when a lessor of
such property elects to treat the lessee as having acquired the
property. The temporary regulations also provide rules to coordinate
the section 50(a) recapture rules with the section 50(d)(5) income
inclusion rules and rules regarding income inclusion upon a disposition
or lease termination outside of the recapture period. The text of those
regulations also serves as the text of these proposed regulations. The
preamble to the temporary regulations explains the amendments.
Special Analyses
Certain IRS regulations, including this one, are exempt from the
requirements of Executive Order 12866, as supplemented and reaffirmed
by Executive Order 13563. Therefore, a regulatory impact assessment is
not required. It also has been determined that section 553(b) of the
Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to
these regulations, and, because these regulations do not impose a
collection of information on small entities, the Regulatory Flexibility
Act (5 U.S.C. chapter 6) does not apply. Therefore, a regulatory
flexibility analysis is not required. Pursuant to section 7805(f) of
the Code, these proposed regulations have been submitted to the Chief
Counsel for Advocacy of the Small Business Administration for comment
on their impact on small business.
Comments and Requests for a Public Hearing
Before these proposed regulations are adopted as final regulations,
consideration will be given to any written (a signed original and eight
(8) copies) or electronic comments that are submitted timely to the
IRS. The Treasury Department and the IRS request comments on all
aspects of these proposed regulations. Specifically, the Treasury
Department and the IRS request comments regarding whether guidance is
needed to address the applicability of the income inclusion rules under
section 50(d)(5) to trusts, estates, and/or electing large
partnerships. All comments will be available for public inspection and
copying. A public hearing will be scheduled if requested in writing by
any person that timely submits written comments. If a public hearing is
scheduled, notice of the date, time, and place for the public hearing
will be published in the Federal Register.
Drafting Information
The principal author of these regulations is Jennifer A. Records,
Office of the Associate Chief Counsel (Passthroughs and Special
Industries), IRS. However, other personnel from the Treasury Department
and the IRS participated in their development.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Withdrawal of Notice of Proposed Rulemaking
Accordingly, under authority of 26 U.S.C. 7805, the notice of
proposed rulemaking (LR-92-73) that was published in the Federal
Register on December 20, 1985 (50 FR 51874-01), and the notice of
proposed rulemaking (LR-183-82) that was published in the Federal
Register on September 21, 1987 (52 FR 35438-01), are withdrawn.
Proposed Amendments to the Regulations
Accordingly, 26 CFR part 1 is proposed to be amended as follows:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 1.50-1 is revised to read as follows:
Sec. 1.50-1 Lessee's income inclusion following election of lessor of
investment credit property to treat lessee as acquirer.
[The text of proposed amendment to Sec. 1.50-1 is the same as the
text of Sec. 1.50-1T(a) through (f) published
[[Page 47741]]
elsewhere in this issue of the Federal Register].
John Dalrymple,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 2016-16561 Filed 7-21-16; 8:45 am]
BILLING CODE 4830-01-P
